History of the Railroads and Canals of the United States ..., Volume 1J.H. Schultz & Company, 1860 - 612 pages |
From inside the book
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Page 10
... dividends at the rate of 6 per cent . Of the total indebtedness , interest is paid at the rate of six per cent . on $ 7,819,718 ; leaving share capital to the amount of $ 3,188,411 , and debts to the amount of $ 2,618,183 , on which ...
... dividends at the rate of 6 per cent . Of the total indebtedness , interest is paid at the rate of six per cent . on $ 7,819,718 ; leaving share capital to the amount of $ 3,188,411 , and debts to the amount of $ 2,618,183 , on which ...
Page 13
... dividends until the net earnings were equal to 6 per cent . on the cost of the road , when the Preferred was to rank with ordinary Stock . The Com- pany claim that this condition has been fulfilled , and no dividends on Pre- ferred ...
... dividends until the net earnings were equal to 6 per cent . on the cost of the road , when the Preferred was to rank with ordinary Stock . The Com- pany claim that this condition has been fulfilled , and no dividends on Pre- ferred ...
Page 17
... dividends equal to six per cent . In case of breach of contract the road to revert to the original owners . SHARE CAPITAL - Authorized , $ 4,000,000 . Paid in , Dollar Shares .. << $ 957,600 in $ 100 shares . Sterling Shares ...
... dividends equal to six per cent . In case of breach of contract the road to revert to the original owners . SHARE CAPITAL - Authorized , $ 4,000,000 . Paid in , Dollar Shares .. << $ 957,600 in $ 100 shares . Sterling Shares ...
Page 25
... Dividends payable semi - annually , 1st April and 1st Oct. As the road is in the hands of trustees under the mortgages , and as no dividends have ever been paid , a description of the different classes of Preferred Stock is not regarded ...
... Dividends payable semi - annually , 1st April and 1st Oct. As the road is in the hands of trustees under the mortgages , and as no dividends have ever been paid , a description of the different classes of Preferred Stock is not regarded ...
Page 27
... dividends to 1st April , 1859. 12,144 9,488 Balance ... 21,551 ...... $ 164,516 Total ...... $ 164,516 The available assets in the hands of the Trustees amount to $ 29,570 , of of which $ 8,019 was excess of earnings in 1857-8 , and ...
... dividends to 1st April , 1859. 12,144 9,488 Balance ... 21,551 ...... $ 164,516 Total ...... $ 164,516 The available assets in the hands of the Trustees amount to $ 29,570 , of of which $ 8,019 was excess of earnings in 1857-8 , and ...
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Common terms and phrases
1st April 1st January 1st July 1st Mortgage 1st October 2d Mortgage act of consolidation Act of incorporation amount April 15 April 21 Articles of association Baltimore BOARD OF DIRECTORS Boston Branch Buffalo Canal cars cent chap coal Company was chartered completed consolidation construction was commenced Corporate Titles COST OF ROAD coupon bonds coupons semi-annually dated 1st Delaware detail as follows DIRECTORS AND OFFICERS Disbursements dividends ending 30th November ending 31st December Erie Erie Railroad February Financial year ending FLOATING DEBT Freight FUNDED DEBT Gross Earnings INCOME ACCOUNT interest semi-annually issued June lease LENGTH less exp loan Mails March March 14 paid Passenger earnings Pennsylvania Philadelphia Pittsburg Preferred Stock principal 1st PRINCIPAL OFFICE Railroad Company real estate Receipts rent River ROAD AND EQUIPMENT ROLLING STOCK-Locomotive engines Second track Share capital SHARE CAPITAL-Authorized Sinking Fund Sunbury Supplement to act Susquehanna tolls Total Treasurer YEARLY แ แ
Popular passages
Page 332 - To take and hold such voluntary grants of real estate and other property as shall be made to it, to aid in the construction, maintenance and accommodation of its rai>oad ; but the real estate received by voluntary grant shall be held and used for the purposes of such grant only.
Page 332 - And every company whose railroad is or shall be hereafter intersected by any new railroad, shall unite with the owners of such new railroad in forming such intersections and connections, and grant the facilities aforesaid ; and if the two corporations cannot agree upon the amount of compensation to be made therefor, or the points and manner of such crossings and connections...
Page 328 - Each stockholder of any company formed under this act shall be individually liable to the creditors of such company, to an amount equal to the amount unpaid on the stock held by him, for all the debts and liabilities of such company, until the whole amount of the capital stock so held by him shall have been paid to the company...
Page 326 - Any number of persons, not less than twenty-five, may form a company for the purpose of constructing, maintaining and operating a railroad for public use in the conveyance of persons and property...
Page 334 - The legislature may, when any such railroad shall be opened for use, from time to time, alter or reduce the rate of freight, fare, or other profits upon such road; but the same shall not, without the consent of the corporation, be so reduced as to produce with said profits less than ten per centum per annum on the capital actually expended...
Page 338 - ... at the farm crossings of such railroad for the use of the proprietors of the lands adjoining such railroads...
Page 338 - ... each locomotive engine, and be sounded at least eighty rods from the place where the railroad shall cross any such road or street...
Page 327 - ... that the amount of stock required by this section has been...
Page 326 - ... thousand dollars for every mile of road constructed or proposed to be constructed, and the number of shares of which said capital stock shall consist, and the names and places of residence of...
Page 326 - On compliance with the provisions of the next section, such articles of association may be filed in the office of the secretary of state, who shall endorse thereon the day they are filed, and record the same in a book to be provided by him for that purpose; and thereupon the persons who have so subscribed such articles of association...